TIC Comment Letters

TIC Comment Letters are provided below. Information is provided on technical issues affecting small businesses and the CPAs who serve them.

TIC Comment Letters by Category:

Peer Review

AICPA Peer Review Board Proposed Revisions to Peer Review Standards July 10, 2007

Ethics Standards

PEEC ED, Networks and Network Firms November 27, 2007   PEEC ED, Conceptual Framework – Meeting the Objectives of the Fundamental Principles August 15, 2007

Accounting Standards

FASB Proposed ASU to Topic 820, Improving Disclosures about Fair Value Measurements October 12, 2009   FASB ED, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses August 24, 2009   EITF Draft Abstracts for Issue Nos. 08-1 and 09-3, Revenue Arrangements with Multiple Deliverables/ Applicability of SOP 97-2 re: Software Elements August 14, 2009   FASB Discussion Paper, Leases: Preliminary Views July 21, 2009   FASB Discussion Paper, Preliminary Views on Revenue Recognition in Contracts with Customers July 13, 2009   FASB Proposed FSP FAS 157-g, Estimating the Fair Value of Investments in Investment Companies [Alternative Investments] That Have Calculated NAV per share in the AICPA Investment Companies Guide July 8, 2009   FASB Proposed FSP FIN 48-d, Application Guidance for Pass-Throughs and Tax-Exempt NPOs and Disclosure Modifications for Nonpublic Entities June 14, 2009   FASB GAAP Hierarchy Amendments and Accounting Standards Codification May 8, 2009   FASB Discussion Paper, Preliminary Views on Financial Statement Presentation April 17, 2009   FASB Proposed FSP FAS 115-a, 124-a, and EITF 99-20-b, Recognition and Presentation of Other-Than-Temporary Investments April 1, 2009   FASB Proposed FSP FAS 157-e, Determining Whether a Market Is Not Active and a Transaction is Not Distressed April 1, 2009   FASB Proposed FSP FAS 144-d, Amending the Criteria for Reporting a Discontinued Operation January 23, 2009   FASB Business Combinations SFAS 141R Acquired Contingencies Proposed FSP FAS 141R-a January 15, 2009   FASB Proposed FSP FAS 107-a, Disclosures about Certain Financial Assets: An Amendment of FASB Statement No. 107 January 15, 2009   Archived Comment Letters

FASB Private Company Financial Reporting Committee

PCFRC Request for Comment, Definition of a Private Company November 21, 2007   PCFRC Informal Request for TIC Comments, FASB Financial Statement Presentation Project July 24, 2007   PCFRC Request for Comment, Fin 46R – Issues and Questions for Users June 21, 2007   PCFRC Request for Comment, FIN 48 – Issues and Questions for Users June 8, 2007   PCFRC Request for Comment, Agenda Topics June 6, 2007

Auditing Standards

ASB Quality Control SQCS Redraft and SAS EDs August 31, 2009   Exposure Draft (ED) of a Proposed Statement on Auditing Standards, External Confirmations August 30, 2009   ASB ED, Subsequent Events and Subsequently Discovered Facts June 3, 2009   ASB ED, Consideration of Laws and Regulations in an Audit of Financial Statements May 29, 2009   ASB ED, Supplementary Information Standards May 15, 2009   ASB ED, Risk Assessment Standards (New and Redrafted) May 7, 2009   ASB SAS ED, Compliance Audits May 1, 2009   ASB ED, Proposed SAS, Audit Considerations Relating to an Entity Using a Service Organization (Redrafted) February 13, 2009   Archived Comment Letters

Governmental Accounting & Auditing

GASB ED, Financial Instruments Omnibus October 29, 2009   GASB Invitation to Comment (ITC), Pension Accounting and Financial Reporting [Project No. 34] March 31, 2009   GASB ED, Codification of Accounting Guidance Contained in the SASs October 31, 2008   GASB ED, Fund Balance Reporting and Governmental Fund Type Definitions June 30, 2008

Compilation and Review Standards

ARSC SSARS EDs (includes re-codification and option for non-independent reviews) August 5, 2009   ARSC ED, Applicability of SSARS January 9, 2009   ARSC ED, Omnibus SSARS – 2008 January 12, 2008

Attestation Standards

ASB ED, Proposed SSAE, Reporting on Controls at a Service Organization
February 13, 2009

ASB ED of SSAE, Examination of Internal Controls Integrated With an Audit [AT 501 Revised]
August 8, 2008